🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Middle India’s e-commerce revolution: A new wave of startups redefining online retail

Inc42Inc42 · 1y ago
Middle India’s e-commerce revolution: A new wave of startups redefining online retail
Medial

Middle India's ecommerce market is expanding rapidly, with startups using technology to reach underserved rural consumers. Morgan Stanley predicts a 50% YoY growth rate, projecting the market to reach $150 billion by 2025. Investments in Middle India's ecommerce space, such as BuyEazzy, are providing valuable insights into the needs of Middle Indian consumers. These startups are reshaping online retail by catering to local demands, utilizing technology to connect with rural customers, and building robust logistics networks. While challenges like low internet penetration and lack of infrastructure persist, the growing penetration, increasing disposable incomes, and rising urbanization present significant opportunities for ecommerce in Middle India.

Related News

Quick commerce to contribute $1B in GMV to festival sales: BofA Research

YourStoryYourStory · 9m ago
Quick commerce to contribute $1B in GMV to festival sales: BofA Research
Medial

- Quick commerce is expected to generate $1 billion in gross merchandise value (GMV) during the festival season, with online commerce platforms generating $12 billion in GMV, representing a 23% increase from the previous year. - Quick commerce platforms are projected to contribute nearly $1 billion to the total GMV during the festive season. - Festive consumption is driven by shoppers eagerly taking advantage of offers and deals, with around 65% of online buyers planning to increase their spending during this period. - Non-grocery online sales typically occur during the first wave of the festive season, while quick commerce platforms become more prominent for ordering groceries and festival essentials during the second and third waves. - Changing consumer spending patterns show a shift towards discretionary items like entertainment and travel, impacting retail purchases. - Grocery and beauty/personal care categories are expected to witness faster growth, driven by quick commerce players, challenging vertical e-commerce platforms in the same-day delivery space. - The online grocery market is projected to grow from $317 million in 2023 to $800 million during the 2024 festive season, with groceries contributing 13% of festive e-commerce sales, and quick commerce platforms leading the growth.

Jumbotail to acquire SC Ventures incubated Solv India

EntrackrEntrackr · 3m ago
Jumbotail to acquire SC Ventures incubated Solv India
Medial

SC Ventures, the innovation and investment arm of Standard Chartered, has agreed to sell its incubated venture, Solv India, to B2B marketplace Jumbotail. Jumbotail and Solv India, together, will become a multi-category B2B e-commerce platform that supports the diverse commerce and fintech needs of India’s small retailers (kiranas), as well as micro, small, and medium enterprise (MSME) entrepreneurs—helping them compete effectively in the modern age. Brands and manufacturers across categories will benefit from efficient and scalable access to India’s middle-class consumers via these small retailers. The acquisition will enhance Jumbotail’s strengths across the entire food and grocery value chain, while integrating Solv India’s differentiated capabilities in apparel, home furnishings, footwear, and toys. Established in 2015, Jumbotail operates a B2B e-commerce marketplace for food and grocery. It also offers solutions to help kirana entrepreneurs modernize and digitize their stores. In 2019, SC Ventures incubated Solv India to provide a digital commerce and supply chain finance platform for MSMEs. The combined entity will be led by S. Karthik Venkateswaran and Ashish Jhina, Co-Founders of Jumbotail. Gautam Jain will join the board of Jumbotail, representing SC Ventures.

Amazon appoints Samir Kumar as head of India operations

EntrackrEntrackr · 10m ago
Amazon appoints Samir Kumar as head of India operations
Medial

E-commerce major Amazon has appointed Samir Kumar as the country head for India. Kumar will continue to lead Amazon’s consumer businesses in the Middle East, South Africa, and Turkey. Kumar will replace Manish Tiwary, the head of Amazon’s India operations, who left the firm to pursue an opportunity outside of the company in August this year. Amit Agarwal, who is the vice president of Amazon India, will now oversee India operations alongwith Kumar. It’s worth noting that the duo had already worked together in the past. The appointment coincides with Amazon India’s plan to foray into quick commerce market. The e-commerce giant plans to enter the space, currently dominated by the likes of BlinkIt, Zepto and Instamart, in the first quarter of 2025.

Exclusive: AceVector to file DRHP for Rs 500 Cr IPO

EntrackrEntrackr · 3d ago
Exclusive: AceVector to file DRHP for Rs 500 Cr IPO
Medial

Exclusive: AceVector to file DRHP for Rs 500 Cr IPO E-commerce ecosystem firm AceVector Limited is in advanced stages of filing draft red herring prospectus (DRHP) to raise Rs 500 crore through an initial public offering, sources aware of the matter told Entrackr. Gurugram-based AceVector comprises e-commerce marketplace Snapdeal, e-commerce enablement SaaS platform Unicommerce, and consumer-brands platform Stellaro Brands. “The proposed issue will be majority primary capital and CLSA and IIFL are likely to be the bankers for the proposed IPO,” said one of the sources requesting anonymity as talks are yet to be public. According to startup data intelligence platform TheKredible, Softbank, Kunal Bahl, Rohit Bansal, and Nexus Venture Partners are the largest shareholders of AceVector Limited. Started in 2010, Snapdeal targets the value e-commerce segment, with over 80% of orders from non-metro buyers. Most of its merchandise is priced below Rs 600, focusing on fashion, home, and personal care. Industry reports expect smaller towns to drive 65% of India’s e-shopping by 2030. AceVector’s listed arm Unicommerce eSolutions provides tech solutions across order and inventory management, omnichannel retail, courier automation, and AI-led marketing. Its 2024 IPO was oversubscribed 168 times. Post listing, it acquired shipping aggregator Shipway in a stock-and-cash deal to broaden its offerings. Stellaro Brands, another subsidiary, builds value and lifestyle brands. Its flagship label, Rangita, offers affordable everyday ethnic wear for women. Sold online and through retail outlets in southern India, Rangita aims to expand its omnichannel presence across key markets nationwide.

Flexport unveils ecommerce tools as returned CEO aims to regain profitability

Economic TimesEconomic Times · 1y ago
Flexport unveils ecommerce tools as returned CEO aims to regain profitability
Medial

Logistics startup Flexport is launching services to simplify the import and fulfillment process for small businesses selling on e-commerce marketplaces. The new services, called Revolution and Flexport+, aim to automate and streamline various tasks that small businesses typically perform across multiple spreadsheets and platforms. Flexport's offerings include freight services, supply chain financing, customs paperwork, and product storage, aiming to help sellers reduce costs and complexity. This move comes as Flexport seeks to regain profitability amid a challenging freight market. The company also recently acquired Shopify's logistics business, including e-commerce fulfillment provider Deliverr.

Download the medial app to read full posts, comements and news.